Numbers from chartered accountants and advisory firm Lubbock Fine showed gilt holdings dropped from £3.38bn to £3.26bn.
Alex Sebastian is a Freelance Financial Journalist at various esteemed publications. He covers a range of topics within finance, including financial markets, personal finance, and investment, with a keen focus on the United Kingdom, inflation, and the Bank of England. Alex's work has been featured in InvestmentEurope Spain, Investment Week, Professional Adviser, The Times, ESG Clarity, This Is Money, Portfolio Adviser, Fund Selector Asia, MailOnline, and International Adviser.